Canadian Dollar Forecast and Updates

KnightsbridgeFX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

FX Morning Update October 28, 2011

USD/CAD Open: 0.9930-35 Overnight Range: 0.9895-0.9936 The Canadian dollar traded sideways overnight holding on to yesterday’s gains. Equities, especially bank stocks, and the loonie had a sharp rally yesterday driven by an announcement in Europe on its sovereign debt plan. Oil is at $92.54 and gold is at $1,738. NY futures are pointing lower today. […]

By Admin | October 29, 2011 | Daily Update | 0 comments Read more >

FX Morning Update October 27, 2011

USD/CAD Open: 0.9945-49 Overnight Range: 0.9941-1.0051 The Canadian dollar rocketed higher overnight and broke past parity gaining vs. the USD. The EUR, AUD, and CAD are all higher vs. the USD. Overnight, sigs that a debt deal was completed boosted eurozone equity markets and overall risk sentiment. Oil is at $92.84 and gold is at […]

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FX Morning Update October 26, 2011

USD/CAD Open: 1.0153-56 Overnight Range: 1.0113-1.0178 The Canadian dollar traded sideways overnight. Yesterday, the Bank of Canada did not change rates (as expected) but did continue to show signs of worry about the global outlook and did reduce the growth outlook for Canada next year. Oil is at $93.31 and gold is at $1,705. NY […]

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FX Morning Update October 25, 2011

USD/CAD Open: 1.0001-05 Overnight Range: 0.9995-1.0049 The Canadian dollar grinded higher overnight. Oil is much higher at $94.31 and gold is at $1,661. NY futures are flat today. The Bank of Canada releases its key interest rate decision today and retail sales data is also released today. In the US, Case Schiller and consumer confidence […]

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FX Morning Update October 24, 2011

USD/CAD Open: 1.0073-76 Overnight Range: 1.0050-1.0100 The Canadian dollar traded sideways overnight and maintained its gains achieved on Friday. Overnight, China PMI was stronger than expected and there were no major announcements from the EU summit. Oil is higher at $87.87 and gold is at $1,661. NY futures are flat today. The Bank of Canada […]

By Admin | October 24, 2011 | Daily Update | 0 comments Read more >

FX Morning Update October 20, 2011

USD/CAD Open: 1.0161-64 Overnight Range: 1.0131-1.0248 The Canadian dollar was choppy and very volatile in overnight trading as it tries to find direction. Yesterday, the loonie rally fizzled out along with equity markets as optimism turned sour on eurozone bailout possibilities but sentiment may turn the other way today based on some new policymaker comments […]

By Admin | October 21, 2011 | Daily Update | 0 comments Read more >

FX Morning Update October 21, 2011

USD/CAD Open: 1.0173-76 Overnight Range: 1.0146-1.0188 The Canadian dollar gained to near 1.0110 USD/CAD on the back of a strong CPI report this morning. Oil is higher at $87.23 and gold is at $1,639. NY futures are slightly positive. The short term Canadian dollar technicals remain negative while above parity. For today, USD resistance is […]

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FX Morning Update October 19, 2011

USD/CAD Open: 1.0091-94 Overnight Range: 1.0090-1.0156 The Canadian dollar gained in overnight trading. Yesterday’s report the Germany and France are close to figuring out how to handle the eurozone bailout boosted risk sentiment quickly. Oil is at $88.28 and gold is at $1,650. NY futures are flat. Today, Canada releases leading indicators, while the US […]

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FX Morning Update October 18, 2011

USD/CAD Open: 1.0235-39 Overnight Range: 1.0212-1.0262 The Canadian dollar traded sideways in overnight trading. The loonie lost ground yesterday as sentiment soured after German official highlighted that the eurozone issues would take longer to resolve. Overnight, China’s GDP data was worse than expected as was German economic sentiment data. Oil is at $86.07 and gold […]

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FX Morning Update October 17, 2011

USD/CAD Open: 1.0101-04 Overnight Range: 1.0045-1.0117 The Canadian dollar traded sideways in overnight trading. The loonie continued to rally on Friday as risk-on appetite was driven by encouraging US retail sales data and positive momentum regarding eurozone developments. Overnight, however, Germany indicated there would be no quick fix to the eurozone issues dampening some sentiment. […]

By Admin | October 17, 2011 | Daily Update | 0 comments Read more >

Canadian Dollar Forecast

KnightsbridgeFX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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